Is Newtown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newtown is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Newtown has remained a Seller's Market.

Key Takeaway

Newtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newtown, PA

How much do homes in Newtown, PA cost?

Median Sold Price

$670,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,000(+0.8%)

Key Takeaway

Homes in Newtown have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Newtown was $670,000 in March 2024, up 0.8% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $260K$277.4K
+6.7%
2 $340K$387.5K
+14.0%
3 $536K$550K
+2.6%
4 $847.2K$837.5K
-1.2%
5+ $1.4M$1.2M
-11.7%

Summary: Newtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Newtown Township
+16.1%
Newtown
+0.8%

Housing Supply in Newtown, PA

How many homes are available in Newtown, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9596+1.1%

Summary: The Newtown real estate market had 96 homes for sale in March 2024, a 1.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 1917
-10.5%
3 2822
-21.4%
4 3133
+6.5%
5+ 1622
+37.5%

Summary: The Newtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2420-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newtown, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Newtown in March 2024, down by 16.7% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for Newtown, PA

How long does it take to sell a home in Newtown, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days11 Days-69.2%

Summary: Homes in Newtown had an average of 11 days on market in Mar 2024, down by 69.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Newtown are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 20 homes were sold in Newtown; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Newtown, PA

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